XE Market Analysis: US Dollar Begins New Year on the Defensive

OVERVIEW

  • GBP rising despite slower manufacturing growth.
  • The Euro climbs towards 2.5-year highs, record high manufacturing activity. 
  • Chinese manufacturing growth unexpectedly picked up to a four-month high in December.
  • Singapore growth cools, but currency rises on monetary policy bets. 
  • European shares fall as US shares continue to rally regardless.

HIGHLIGHT